You might look for a a title company that will insure it without a qt.

And while I'm not a lawyer, I'll give you the standard lawyer response: it depends.As with most things related to an investment, you have to start with the goal in mind.

I know I could get an FHA loan which would make my 50k more than enough to close on a typical 500k property (that seems to be about the average for a small multi in my area), but I have also learned that due to the high level of competition, sellers don't typically like working with FHA buyers due to the high standards and inspections that come with it. 

A little more down, but no self sustainability requirement and less in mortgage insurance that can go away vs.

I'm reviewing an OM for a 12-unit Class A property and the T-6 annualized expenses has the property insurance at $7,068 ($589/unit), but the Broker's Year 1 pro-forma has the property insurance at $3k ($250/unit).  

@Irfan RazaIs that a standard industry timeline to have blueprints done?

Taxes/ year: $3,002,  Insurance: $1,573,  Trash/ year: $654,   Electric/ year (exterior lights): $420,   Water/ year: $1,200 sewer/ year: $1,500,   Spray for bugs/ prevention: $311/ year,    Lawn cutting/ year: $640,   Misc (furnace filters/ 9v batteries): $250I have gotten mixed reviews back from my colleagues when they go over these numbers with me.

This is standard guidelines of Fannie Mae .

Here are the numbers:Original Loan Amount: $ 42,700.00Loan Origination Date: 12/09/2013First Payment Due Date: 01/01/2014Last Payment Date: 9/27/2018Current Loan Balance: $ 41,802.77Current Interest Rate: 9.900%Current P&I Payment:$ 371.57Current Escrow Payment:$ 30.43Maturity Date:12/01/2043Term Remaining: 302Loan Type :CFDFMV: $87,500The WorkoutWe picked up this asset for $18,500 ( 44% of UPB)Expense Cost: $2000 (Includes, servicing, initial due diligence, forced place insurance, back taxes and misc)Contingency Fund $2,500All in Cost= $23,0008 Months of Payments = $2968Reinstatemet fee from borrower = $2000Total Income received $4968We sold this property after 1 year as a re-performer for $35,500 (Approximately 85% of UPB)$35,500 + $4968 = $40,468 Total ROI = 76%We're excited with how this one turned out and can't wait to see what we will do with our next one!

Seems agent's broker listed it for him/her, which is standard with many brokers, as is disclosure on the MLS listing of all licensed parties whether seller, broker, and/or agent.IF I didnt disclose on MLS that seller is licensed agent where that was the case,  just because my supervising broker listed it directly instead, tis only a matter of time before BRE be investigating a complaint, so wouldn't risk it even if there's legal prose to get away doing so.Nevertheless, focus on the sale and find out if it would be legal to do the same if you get licensed but have your licensed broker sell it for you without disclosure of your own license until offers made and subject to be countered.Although...